Despite being relatively new to rentals, I feel I’ve weathered the storm and I’m ready for more.

Having good cash flow properties that are debt free will help you weather upcoming economic storms as well as provide a more secure future.It all depends on whether your goals are looking for appreciation,  cash flow or a little of both ?

Do you have the funds and plan to weather that period before the commissions come in? 

I spent a few weeks in Portland earlier this year to get to know the area better, but the market and weather is so much different from Southern California. 

Faulty outdoor switch they were told about during pre move in inspection.

Multi families are better all the way around.The Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the home and take better care of itLower operating costs - the residents own the homeThe residents own the homeEasy to raise the rents - costly to move a homeRecession resistant - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededThe Cons:Not an attractive sale - smaller resale pool (but that's changing)Bad Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Bad Stigma - some people don't want to live thereLower credit residentsLess appreciation potentialNiche investment Harder to finance themOlder assets in many cases

- it was a major limited believe that I had.So weather you decide to self manage or not, be aware of your limiting believes and see them for what they are, a flase narrative in your head that holds you back!  

You cannot compete with the weather!

I'm also of the notion that a lot of kitchens need to update the flooring to something more durable and water-resistant (also more resistant to other things like oils and spills).

Just thought I would share a far less fair weathered account of real estate.